The Leasehold Reform, Housing and Urban Development Act 1993 (as amended) gives the long leaseholders of flats the right to extend their lease by an additional 90 years at effectively zero ground rent. We specialise in undertaking these lease extension valuations and we can also act as Expert Witness at the Leasehold Valuation Tribunal, should this be required.
Are you in the process of buying a flat with a short lease?
Are you a freeholder who has received contact from your leaseholder who wishes to extend their lease?
Regardless of whether you are interested in extending your lease, buying a freehold property, or even selling your freehold, Arnold & Baldwin are here to help.
Our experts understand the legislation on this so you don’t have to. If you have owned your property for at least 2 years, you are entitled to 90 additional years, on top of your current lease length,
as well as a Peppercorn ground rent (nil value).
Following an inspection of the property, our specialist report
will provide you with a clear and detailed valuation for the lease
extension or freehold enfranchisement, as well as a starting
offer with which to begin negotiations.
There is a statutory calculation to arrive at the appropriate
premium, however there are a number of variables which need
to be agreed between both parties. This can result in a period
Whilst this can be a daunting process, our experts are highly
experienced in this process and will offer guidance and support throughout.
At Arnold & Baldwin we have extensive experience in conducting
negotiations on our client's behalf. These negotiations can be by
email, phone or sometimes a good old fashion face to face conversation.
We work closely with our client and their legal representative to ensure
everyone is kept up to date. We understand no news doesn't always feel
like good news!
Whether you are negotiating informally or under the terms of the
housing and Urban Development Act 1993, you are likely to be working
to a timescale. Negotiations can be resolved quickly if both parties are
proactive and address their differences immediately, however certain cases
are more complex and ‘worst case scenario’ can result in a Tribunal
Hearing to determine the cost of the extension.
The process can sometimes appear a minefield, however Arnold & Baldwin
can guide you through the process step by step. We can provide hourly rates
or fixed fees which will enable you to keep a handle on costs and feel in control.
We are here from start to finish, whether your case is straightforward
or one of those slightly more tricky ones. Regardless of the situation
we at Arnold & Baldwin have years of experience of agreeing lease
extensions and freehold enfranchisements, whilst also representing
clients at Tribunal if that is required.
Professional, efficient surveyors. Get the job done
in a timely manner, had our survey back within 5 days
of inspection. All team members I spoke with (Tiffany
and Billy) were really lovely. Highly recommend. :)
I have only just started working with Stephen and he
has already demonstrated the high levels of customer
attention and dedication that this company has. The
first impression he has caused is such that made me
write this review. I have no doubt that the continuous
service will be of same level. Looking forward to
working further with Stephen. Well done!
Lease extension - I found Daniel Grove very
professional and had an excellent understanding
of all aspects relating to this transaction.
Advice was invaluable, and it was nice to come
across someone who did exactly what they said
they were going to do.
Would not hesitate in recommending the firm
and Daniel to anyone who has a lease to extend.
Amazing job and fully professional treatment.
The surveyor went above and beyond to check for
everything, when he could have easily claim lack
of access. In addition he was more than happy to
answer questions over the phone and be there to
explain the steps.
Within 48 hours I received my detailed report
from Joe Arnold which enabled me to see the
property as it was and not through rose-tinted
glasses! The report highlighted areas where
money might need to be spent and provided
guidance on questions for my solicitor -
just what I needed. Overall, the survey
enabled me to re-assess my offer and in this
respect was invaluable. Thank you for a
friendly and professional service.
100% choose this company. As first time buyers
we had a mortgage valuation which said the house
was fine. The Arnold & Baldwin survey found over
£30,000 of problems. Holes in the roof with daylight
visible, damp, woodworm, broken sash windows and poor
electrics. This company helped us renegotiate and
save a fortune.
Arnold & Baldwin came recommended and I’ve got to say they were brilliant - not just in identifying issues with the property I was looking at but in the way they kept me informed and up to date (ie picking up the phone instead of just posting / emailing communications with you). After dealing with estate agents for so long, it’s nice to have someone who is genuinely on your side.
From my initial interaction with the firm I found them to be prompt, courteous and helpful. I received a detailed Homebuyers report within a week of instructing and was given the opportunity to talk it through with the attending surveyour. Overall excellent service all round, would certainly recommend this firm.